Exports, Consumption Boost German GDP In Second Quarter
Sumaira FH Published August 12, 2016 | 12:25 PM
FRANKFURT, (APP - UrduPoint / Pakistan Point News - 12th Augst,2016) - Expanding exports and domestic consumption pushed Germany's economy -- Europe's biggest -- to grow slightly faster than expected between April and June, preliminary data showed on Friday. With a 0.4 percent increase in calendar- and seasonally-adjusted terms, gross domestic product (GDP) grew slightly slower than the previous quarter's 0.7 percent, a statement from Federal statistics office Destatis said. That was twice as fast as analysts surveyed by Factset had predicted. "Compared with the previous quarter, positive impulses came from the trade surplus.
Preliminary estimates showed exports increased compared with the first quarter of 2016," the statisticians said. "Private consumption spending and state consumption spending also bolstered growth," the statement went on. Compared with the same period in 2015, the economy showed growth of 3.1 percent -- "stronger than at any time in the past five years", Destatis said. But there were some weaker spots in the overall picture. "Growth was slowed by weak net investment, especially in facilities and construction, where less was invested after a strong first quarter," the statisticians said.
Related Topics
Recent Stories
Students gather at GCU to express solidarity with Palestinians, Kashmiris
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
Crackdown on Profiteers in Hyderabad: 23 Traders Fined
IIOJK authorities to bar Eid prayers at Srinagar Eidgah yet again
Ex-Gucci star Michele named Valentino creative director
Football: Italian Serie A table
Bulgaria thrown into fresh political turmoil as snap elections loom
Railways CEO shares plans for Eid trains, service upgrades through e-Kutchehri
04 diagnosed with dengue virus in RWP
DC for taking strict action against absent teachers in Nasirabad
Banks to open on March 30, 31 to facilitate tax collection
Lahore Police launch campaign to install safety wires on motorcycles
More Stories From World
-
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
3 minutes ago -
Bulgaria thrown into fresh political turmoil as snap elections loom
4 minutes ago -
China-India hold meeting to discuss border affairs in Beijing
9 minutes ago -
French bill seeks to ban hair discrimination affecting black women
15 minutes ago -
China willing to work with Pakistan to enhance capability of tackling security challenges: Col Wu Qi ..
3 minutes ago -
Pakistan to bring perpetrator of Dasu terrorist attack to justice soon: Lin Jian
1 hour ago
-
Financial crisis at UK's biggest water supplier worsens
1 hour ago -
French parliament backs bill against hair discrimination affecting black women
1 hour ago -
Poland raids Russian spy network: security services
1 hour ago -
UK greenhouse gas emissions fell 5.4% in 2023: data
1 hour ago -
Haiti situation 'cataclysmic': UN
3 hours ago -
Profits fall for China's top chipmaker as sanctions bite
3 hours ago